philip chronican

Superannuation

NAB questions growing dominance of super funds

As superannuation funds grow in assets, NAB chief executive, Ross McEwan, is concerned they will hold excess influence over firms as large shareholders in the future....

Financial planning

Banking to be ‘less profitable’ amid COVID-19: NAB

National Australia Bank group chief executive Ross McEwan has confirmed the banking sector will be a less attractive sector for dividends in the aftermath of the COVID-19...

Financial planning

Remediation leads to reduction on NAB cash earnings

The bank experienced a 10.8% reduction on cash earnings in FY19 due to spending $1.1 billion on customer remediation and had changes in its software capitalisation policy...

Funds management

NAB senior executives feel pay pain

There will be no pay increases or bonuses this financial year for National Australia Bank’s most senior executives....

Financial planning

NAB to pay a further $1.18b in remediation

These charges were mainly for wealth and insurance-related matters and adviser service fees paid to self-employed advisers....

Financial planning

NAB expects further adviser provisioning

National Australia Bank has revealed it is expecting to have to provide further provisioning around client remediation for adviser service fees for self-employed advisers...

People & Products

NAB appoints group chief people officer

NAB has appointed Susan Ferrier as group chief people officer, commencing 1 October 2019, subject to regulatory approvals....

People & Products

Chronican to retire from TCorp board

Philip Chronican will retire from his as chair of the TCorp board, effective 30 September 2019....

Financial planning

NAB shareholders hit with 16 per cent dividend cut

NAB has delivered disappointing half-year results, announcing dividends down to 83 cents per share for the period, as compared to 99 cents for the corresponding period ea...